Kier wins £100m contract for developing Swan Hunter shipyard

North Tyneside’s former Swan Hunter shipyard is set to undergo a huge, £100m-worth regeneration and re-development process, with Kier Property managing to secure the contract designed to breathe new life into the 34-acre site.

According to a local news report on this matter, under the terms of the contract, the developer will have to secure occupiers for the industrial and office complex and build units over the next three years. The main targets will be the manufacturing companies specialising in the offshore industries with benefits including access to the North Sea, a 300m quay, heavy-load lay down areas and facilities and infrastructure.

North Tyneside Council has secured £13.8m of funding from the European Regional Development Fund, the Homes and Communities Agency and the Local Enterprise Partnership Growing Places Fund towards the project.

Kier Group chief executive Paul Sheffield said: "We are pleased to have been selected to regenerate this iconic site. It has great potential to breathe new life into the area by attracting high-tech businesses, inward investment and creating new jobs. The new development will be of particular interest to advanced manufacturing companies that specialise in off-shore activity due to the great location of the site and purpose-built high-spec units."

The funding will support infrastructure improvements, which have already begun on the site to provide utilities, access and quay edge improvements and dredging to allow for larger vessels to berth.

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